0R15 7785.0 -1.5056% 0R1E 7720.0 0.0% 0M69 None None% 0R2V 171.25 -1.7217% 0QYR 1361.5 -1.0897% 0QYP 394.5 -0.5044% 0LCV 137.1211 0.3815% 0RUK None None% 0RYA 1752.0 0.0% 0RIH 164.95 -1.4047% 0RIH 165.6 0.3941% 0R1O 178.0 9747.8562% 0R1O None None% 0QFP None None% 0M2Z 298.95 0.302% 0VSO None None% 0R1I None None% 0QZI 436.0 0.6928% 0QZ0 220.0 0.0% 0NZF None None%

mid-cap

Technical Analysis on One LSE-Listed Consumer Discretionary Stock – EZJ

Apr 18, 2024 | Team Kalkine
Technical Analysis on One LSE-Listed Consumer Discretionary Stock – EZJ

EZJ:LSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (GBX)

Company Overview: Easyjet PLC (LSE: EZJ) is a FTSE 100 listed United Kingdom-based holding company primarily providing flights and package holidays, primarily within Europe. The company operates through two main segments: the Airline business and the Holidays business. The Airline business segment is responsible for operating its route network, while the Holidays business segment focuses on selling holiday packages. EasyJet's fleet comprises various aircraft models, including the A319, A320, A320neo, and A321neo. EasyJet serves as a vital connector for businesses, families, and holidaymakers across the United Kingdom, France, Germany, Italy, and other European destinations. The company sells seats through multiple channels, including its own website (www.easyjet.com), the easyJet Worldwide platform, its mobile application, and global distribution systems. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.  

EZJ’s Technical Observation

EZJ’s prices have undergone a correction in recent times and are now trading near a lower trendline support level. The company has posted improved financial results and anticipates high demand during the summer holidays. A reversal in the Current Market Price (CMP) of GBX 535.40 is anticipated, supported by a strong volume buildup, and stochastic data indicating an oversold market. The leading indicator RSI (14-period) is at 46.62, suggesting a reversal in the price trend. However, the stock price is currently trading below the trending indicators, the 21-period SMA and the 50-period SMA, which could potentially act as resistance in the near term. The important support levels for the stock are situated at GBX 474.00 and GBX 452.00, while key resistance is positioned at GBX 591.00 and GBX 629.00 levels.

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